Fund II · 2026STATUS: ACTIVE_
Directory/Fiet Protocol
Fiet Protocol

Fiet Protocol

Portfolio
Categories
  • DeFi
Use Cases
  • DeFi
  • On-Off Ramp
Tech Layer
  • Infrastructure
Industry
  • FinTech
Stage
  • Seed
Region
  • APAC
Cohorts
  • Post Web - 1
Year of Investment
  • 2025

Fiet Protocol delivers decentralised fiat-to-stablecoin exchange with OTC-matching or lower fees and passive yield

Fiet, from Usher Labs, is a decentralised protocol facilitating market-driven exchange between verified fiat liquidity and permissionless stablecoins across multiple currencies. It targets low-cost swaps from non-USD fiat to USD stablecoins, using peer-to-peer on- and off-ramps with licensed institutions and dynamic on-chain incentives tied to supply and demand for verified fiat reserve liquidity. Built on Uniswap v4, this efficient exchange connects to broader cryptocurrency markets, generating yield via arbitrage and liquidity provision while supporting competitive crypto-backed FX.

Ready to connect with Fiet Protocol?